February 12, 2012

Glencore-Xstrata deal terms ‘must be revisited’

TORONTO: Fidelity Worldwide Investment said that while it supports Glencore International plc's STG23.8 billion (RM112.5 billion) takeover bid for Xstrata plc "in principle," the terms of the deal "need to…

February 12, 2012

BHP Billiton not ruling out production cutbacks

GLOBAL mining giant BHP Billiton yesterday warned that it could scale back production at unprofitable operations as commodity prices softened due to economic uncertainty. But BHP chief Marius Kloppers said…

February 10, 2012

Norilsk to open 40,000 t/y nickel project in Australia

Nickel major Norilsk is preparing to start its Honeymoon Well project, in Western Australia, following positive studies completed in 2011, director of overseas operations Roman Panov said this week.

February 9, 2012

Vale’s Sudbury mines to resume production

February 9, 2012

BHP may sell $10 billion of smelters, mines, Deutsche Bank says

BHP Billiton Ltd., the largest mining company, may consider selling about $10 billion of aluminum, nickel and coal mines and smelters as it trims its portfolio, Deutsche Bank AG said.

February 8, 2012

BHP H1 earnings up 8% on record iron ore, gas production

BHP Billiton raked in US$18.7 billion in the half-year ended December 31, 2011 — an 8.3% increase in Underlying EBITDA from the second half of 2010.

February 7, 2012

CaNickel Implemented Long Hole Stoping Mining and Achieved Record Mine Production

CaNickel Mining Ltd. ("CaNickel" or the "Company") (TSX:CML), is pleased to report that it has successfully implemented long hole stoping mining method and achieved record mine production at its 100%…

February 7, 2012

Panoramic Resources confirms hostile bid for competitor Magma Metals‎

ASX and TSX-listed Magma Metals (MMW) announced today the appointment of advisers in respect of the unsolicited proposed $40 million takeover offer for Magma by nickel miner Panoramic Resources Limited.

February 7, 2012

Xstrata and Glencore to close $90bn merger

After months of speculations and secret negotiations, Xstrata PLC (LON:XTA) and Glencore International PLC (LON:GLEN) have formally announced an all-share merger that would create a $90bn giant named "Glencore Xstrata…

February 7, 2012

Vale employees returning to work at Sudbury operations

Vale said the return to work process has begun at the company's five Sudbury area mines following a temporary suspension stemming from three fatalities at those operations.